REM - Renewable Energy

National Grid’s Viking Link Interconnector secures US$743mn loan

National Grid’s Viking Link Interconnector secures $743mn loan

Fitch downgrades DTEK Renewables rating to B- with Negative rating watch

Green energy companies reach a compromise with the Ukrainian government to avert an energy crisis this summer

Green energy investors into Ukraine have struck a compromise deal with the government, which wants to drastically cut the green energy tariffs retroactively, sparking a mass protest by Ukraine’s most significant direct foreign investors

Romanian Liberty Steel subsidiary invests €1.2bn in green energy, bigger capacity

NGOs call on Chinese banks to halt financing of coal-fired power plant project in Turkey

Ukraine cuts 'green' tariffs

UN report highlights green progress

Renewable energy is now more cost-effective than ever and provides an opportunity to put clean energy at the centre of economic recovery packages, the UN has found.

Masdar agrees to build and operate 500 MW wind farm project in Uzbekistan

TEPCO to invest $18bn in renewables

TEPCO is to invest JPY2 trillion ($18bn) by 2030 to expand its green exposure by up to 70%.

China to build 450 MW of green projects in Bangladesh

Bangladeshi and China are to create a 450-MW solar and wind joint venture that will invest $500mn in renewables capacity.

India set for wind-solar hybrid expansion

Indian ratings agency CRISIL expects 15 GW of wind-solar hybrid (WSH) projects to come online in India by 2025

India awards largest ever solar contract to Adani

Adani Green Energy has won an 8-GW contract to build solar capacity across India for state-owned Solar Energy Corporation of India (SECI).

Scotland launches offshore bid round

Scotland has launched its first offshore wind bid round for 10 years, offering up to GBP8bn ($10.2bn) of investment

UK breaks records for abandoning coal

The UK completed two months, or 61 days, of coal-free generation on June 10

Vineyard Wind moves closer to final approval

Avangard’s 800-MW Vineyard Wind development, the first US utility-scale offshore wind farm, has cleared a major regulatory hurdle, paving the way for final approval and the start of construction.

US power consumption to fall 5.7% as coal use plummets

US power consumption is forecast to fall 5.7% in 2020 as the effects of the COVID-19 lockdown are felt throughout the economy

Ukraine’s green energy disaster is sliding towards a power crisis

Ukraine is heading towards a power crisis in the next few weeks if the government cannot come to terms with the irate owners of the country’s burgeoning green energy sector

Once-in-a-1,000-year snow melt floods hydropower plant on Russia’s far northern coast

There were more melting permafrost problems for Russia’s energy infrastructure after the TGK1 power station near Murmansk reported that two of its hydropower units were flooded with “abnormal water inflow” due to melting snow.

Poland’s PGE gets grid connection requirements for offshore wind farm in the Baltic Sea

Croatia calls tender for geothermal water exploration at four deposits

EBRD support for green energy continues during COVID-19 crisis

Renewables energy projects have continued to be approved during the COVID-19 lockdown period, despite fears that governments would abandon climate change and sustainability and rely on tried-and-tested fossil fuels to stimulate their economies.

Suncor’s CEO touts oil sands’ role in energy transition

Suncor’s CEO, Mark Little, has warned that the energy transition could prove as disruptive to oil demand as COVID-19 but has suggested that Canada’s oil sands industry could play a leading role in driving low-carbon growth.

Falling costs make renewables competitive with coal

With solar PV costs falling 92% since 2010, renewables are now more and more competitive than coal.

EDF, China Energy Investment finalise 502-MW Dongtai offshore wind deal

France’s EDF and China Energy Investment (CEI) have signed the final joint venture agreements to create a new company to run 502 MW of offshore wind capacity at the Dongtai IV and Dongtai V projects in Jiangsu Province.

Siemens Gamesa announces 496-MW Saint Brieuc turbine order

Siemens Gamesa has won a firm order from Iberdrola-owned Ailes Marine to supply 62 turbines to France’s 496-MW Bay of Saint Brieuc offshore wind farm.